Online searches for “inflation” have multiplied over the past few months..
The surge in attention comes during a supply demand mismatch, resulting in computer chip shortages, gas lines, surging metal prices, & food prices on the way up as well.
Lumber, specifically, has been on a tear, up 500% since last year!
The price increase in lumber actually leads to a price increase in residential homes, with new single-family homes up a staggering $35K that can be attributed to the rise in the price of lumber!
As prices rise, people look to the federal reserve to curb inflation, but we fear they may have dismissed the dangers of a red-hot economy.
So what do we do about this. How do we curb this overheating of commodity prices? The crew at THC dives in!